8360.HK down 17.46% to HK$0.26: Market closed, watch HK$0.21 support
The 8360.HK stock plunged 17.46% to HK$0.26 at market close in Hong Kong on 15 Jan 2026, making Basic House New Life Group Limited one of the top losers on the HKSE. Volume rose to 494,000 shares versus an average 261,134, a relative volume of 1.91, suggesting heavier selling. The drop follows weak TTM margins, a negative EPS of HK$-0.06 and a one-year decline of 50.00%, which traders flagged as confirmation of growing downside pressure.
8360.HK stock: Price action and immediate drivers
Basic House New Life Group Limited (8360.HK) closed at HK$0.26, down HK$0.05 or 17.46% on 15 Jan 2026. The stock opened at HK$0.29, hit a day low of HK$0.255 and high of HK$0.285. Trading volume was 494,000, well above the 50‑day average of HK$0.26832 price level and average volume of 261,134, signalling an outsized intraday move driven by selling pressure.
Financials and valuation: weakness under the hood
Basic House reports EPS -0.06 and a negative PE of -4.33, reflecting recent losses. The company’s market capitalization is HK$93,671,240.00 with 360,274,000 shares outstanding. Key ratios show a current ratio of 1.45 and a price‑to‑sales of 1.28, while book value per share is negative at HK$-0.07, indicating thin equity cushions and light profitability.
Technical view and support/resistance
Technically, the stock sits just above its year low HK$0.21 and well below the 200‑day average of HK$0.38. RSI at 43.20 and CCI at -142.10 point to oversold momentum. Immediate support arrives near HK$0.21 and resistance at the day’s BB middle around HK$0.29 and the upper band at HK$0.35.
Meyka AI rates and forecast for 8360.HK stock
Meyka AI rates 8360.HK with a score of 64.13 out of 100 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a monthly price of HK$0.23 and a quarterly price of HK$0.10. Compared with the current price HK$0.26, the monthly projection implies an estimated downside of -11.54% and the quarterly projection implies -61.54%. Forecasts are model‑based projections and not guarantees.
Sector context and peer comparison
Basic House is listed in the Industrials sector, Engineering & Construction industry, where the sector average PE sits around 17.01 and average current ratio around 1.89. Against that backdrop, Basic House’s negative margins and negative book value place it below sector peers on conventional valuation metrics, increasing relative risk for value and income investors.
Risks, catalysts and trading strategy
Key near‑term risks include continued operating losses, limited free cash flow and potential equity dilution. Catalysts that could reduce downside risk are a turnaround in design and fit‑out contracts in Hong Kong or better securities investment returns. For traders, a cautious plan is to monitor HK$0.21 support and use a tight stop under HK$0.20 for short‑term longs; longer‑term investors should wait for consistent positive cash flow or margin recovery.
Final Thoughts
Basic House New Life Group (8360.HK) finished the session on 15 Jan 2026 as a top loser, down 17.46% to HK$0.26 on above‑average volume. Fundamentals show negative EPS HK$-0.06, negative book value per share HK$-0.07, and thin operating cash flow, which help explain the sharp sell‑off. Meyka AI’s forecast model projects HK$0.23 for the next month, implying roughly -11.54% from today’s price; traders should treat that as a model‑based signal, not a guarantee. Reasonable scenario targets: a base case near HK$0.32 (about 23.08% upside), a conservative bear case at HK$0.18 (about -30.77% downside), and a bull recovery to HK$0.55 only if margins and cash flow materially improve. Use tight risk controls and watch sector activity in Hong Kong’s Industrials group. Meyka AI provides this as an AI‑powered market analysis platform insight; forecasts are projections and not investment advice.
FAQs
Why did the 8360.HK stock fall sharply today?
The 8360.HK stock dropped due to weak fundamentals, negative EPS of HK$-0.06, negative book value per share, and above‑average selling volume of 494,000 shares, signalling increased investor risk and short‑term pressure.
What are key support and resistance levels for 8360.HK stock?
Immediate support sits near the year low HK$0.21 and a stop below HK$0.20 is reasonable. Resistance is at HK$0.29 (BB middle) and HK$0.35 (upper band). Traders should watch these levels for trade signals.
What does Meyka AI forecast for 8360.HK stock?
Meyka AI’s forecast model projects a monthly price of HK$0.23, implying an estimated downside of -11.54% versus current HK$0.26. Forecasts are model‑based projections and not guarantees.
Is 8360.HK stock a buy, hold or sell right now?
Meyka AI assigns a Grade B (HOLD) to 8360.HK based on blended metrics. Given negative profitability and cash flow, many analysts would favour caution and wait for operational improvements before buying.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
